AXE - Archer Materials

[burglar]

Just to clarify - AXE at end of quarter had $12.7M cash and currently a MC of $14.4M. Sounds wrong. Anyone differ there?

Recently BHP bought AXE tenements in West Roxby for $8M
So it sounds right to me. (IMO)

 

[springhill]

Just to clarify - AXE at end of quarter had $12.7M cash and currently a MC of $14.4M. Sounds wrong. Anyone differ there?

To my suprise too. This is correct

 

[burglar]

Hi springhill,

After all you hard work, no offence, but I finally settled for AXE

The reasons are manifold.
Most are written up somewhere in this thread.

But the deal maker was when I posted:

the price action is settling nicely near my comfort zone

I like to sleep at night.

Hi pixel,

I reckon it's worth a punt

Thanks for the gentle push.


Disclosure: As of today, I hold!

 

[burglar]

OUTSTANDING HIGH GRADE GRAPHITE INTERCEPTS CONTINUE IN RESOURCE DRILLING AT CAMPOONA

http://www.archerexploration.com.au/assets/pdfs/120717_DrillingResults.pdf

Some serious photos for sceptics and deniers.

 

[pixel]

... and the structure continues for 14 kms North:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01326967

but do we have enough cash to finance all the planned drilling?

 

[burglar]

Free Gold Recorded at Bartel Epithermal Prospect :

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01327525

 

[burglar]

FINAL CAMPOONA SHAFT METALLURGICAL DRILL HOLE RESULTS
HIGHLIGHTS
Results for the last two metallurgical diamond drill holes at Campoona Shaft have been received. Significant results include:
o 31m @ 14.4%TGC from 16m in hole CSDD12_001
o 77m @ 17.2%TGC from 11m in hole CSDD12_002
All Resource drilling at Campoona Shaft has been completed with Resource estimation completed by December 2012.

 

[burglar]

SUGARLOAF METALLURGICAL DIAMOND DRILL HOLE RESULTS


HIGHLIGHTS
Results for the two metallurgical diamond drill holes from the Sugarloaf graphite deposit have been received and included:
o 29.5m @ 11.0%TGC from 19m in hole SLDD12_001
o 9.5m @ 15.4%TGC from 24.5m in hole SLDD12_002 including 6m @ 20.4%TGC from 28m.
The metallurgical drill core has been relocated to Archer’s new metallurgical workshop located at Lonsdale in Adelaide awaiting metallurgical test work.
Previous geophysical surveys and drilling at Sugarloaf has identified a large graphite anomaly.

 

[burglar]

Here we go!

 

[burglar]

Code Last % Chg Bid Offer Open High Low Vol

AXE 0.240 26.32% 0.240 0.245 0.190 0.265 0.190 2,455,092



Wow! I never get used to that!!




:axt:

 

[burglar]

"Electromagnetic Data Defines Conductive Bodies at Worlds End":

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01361658

 

[pixel]

"Electromagnetic Data Defines Conductive Bodies at Worlds End"

... but that hasn't (yet) created any market reaction.
If anything, a glance at the m/depth makes me expect further selling pressure.

 

[burglar]

... but that hasn't (yet) created any market reaction.
If anything, a glance at the m/depth makes me expect further selling pressure.

I have already taken some profit on these;
and will happily top up if I can free some funds.

 

[burglar]

... and the structure continues for 14 kms North:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01326967

but do we have enough cash to finance all the planned drilling?

"Campoona Graphite Maiden JORC Resource":

Maiden JORC Resource at Campoona of 2.572Mt grading 12.3% TGC with 310,800
tonnes of contained graphite at a lower cut‐off grade of 5%TGC. ...

Up more than 23% on the news!

 

[pixel]

"Campoona Graphite Maiden JORC Resource":

Up more than 23% on the news!

Amateurish exuberance - needed a reality check.
Having said that though, I hold a few that I don't trade just yet at current levels.

 

[burglar]

Amateurish exuberance - ...

Probably right.

It did not last long.
(my strange way of saying that I missed them this time around)!








Disclosure: holding a few!

 

[burglar]

Exceptional Campoona Metallurgical Results:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01389795

Disclosure: holding a few!

 

[pixel]

Exceptional Campoona Metallurgical Results:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01389795

Disclosure: holding a few!

Disclosure: Held, but don't hold anymore. May buy back around 18c, but not higher.

 

[burglar]

Disclosure: Held, but don't hold anymore. May buy back around 18c, but not higher.

Acquisition of Strategic Land Holding:

Read Report:




Disclosure: Holding

 

[pixel]

Acquisition of Strategic Land Holding:

Read Report:

Disclosure: Holding

All last week was a falling knife. It seems even after the announcement the Market is still unimpressed: